Good article. But the question remains, that despite searching I didn't find it, which country doesn't have $USDC $USDT $FDUSD restricted? If anyone knows, comment here. 🤣😍🧧✅

The departure of USDT from European exchanges begins
The measure is implemented within the framework of the upcoming implementation of the Crypto Asset Market Regulation (MiCA) in the European Union.

The measure came into force on March 14.
The MiCA Law imposes restrictions on the use of stablecoins in the region.

OKX, the world's fourth-largest bitcoin (BTC) and cryptocurrency exchange by trading volume, will gradually phase out support for trading with Tether (USDT) trading pairs in European Union (EU) countries.

According to The Block, the decision was announced through an email sent to European merchants, which states that the rule came into force on March 14.

The measure was taken within the framework of the upcoming entry into force in the EU of the Regulation for the Cryptoasset Market (better known as the MiCA Law). In that sense, although OKX's message does not explicitly state that its decision is related to this Regulation, it tells users that "not all tokens will be available in all markets due to regulatory requirements."

In this way, reference is made to the new rules established by MiCA for the performance of stablecoins in the eurozone and that will begin to apply in July 2024, as reported by CriptoNoticias.

The rules require issuers of stablecoins to comply with the necessary requirements to obtain a license from a national financial regulator, in at least one of the EU Member States.

As set out by MiCA, these companies will begin to be regulated as electronic money institutions (EMIs). Consequently, only this authorization will give operators credentials to serve stablecoin users across the region's entire bloc of 27 countries. The fact affects not only the operation in Europe of USDT but of other stablecoins such as USD Coin (USDC) and DAI (DAI).